India Mining Report - Business Monitor International - Industry Reports

India Mining Report

India Mining Report - Business Monitor International - Industry Reports
India Mining Report
Published Aug 20, 2016
81 pages — Published Aug 20, 2016
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Abstract:

In March ---- India s Ministry of Mines increased the lease area for mining of bauxite from -- square kilometres to -- square kilometres in the state of Odisha in order to boost production and enhance resource security. In February ---- as part of the Union Budget, India reduced export duties for bauxite from -- to -- , significantly aiding bauxite miners including Vedanta Resources and Odisha Mining Corporation (OMC). ...The killing of a village headman who supported bauxite mining by Maoist rebels on January -, ----, heightens risks to Indian bauxite production. This came after a government order on November -, ---- that accorded permission to the Principal Chief Conservator of Forests to divert -,--- hectares of forest land in Andhra Pradesh s Visakhapatnam for bauxite mining leases, increasing tensions with tribes and Maoist rebels in the area. In January ----, the Indian government issued an executive order to enable bauxite mining licences to be awarded via auctions, replacing the old system where licences were issued at the discretion of provincial and federal governments. ...India is the world s sixth-largest bauxite producer, at -.- of global output in ----. Historically, bauxite production in the country has tracked aluminium output closely.

...India will continue to suffer from a persistent coal deficit over the coming years although the country possesses one of the world s largest coal reserves and has significant production growth potential. We forecast India s coal output to grow from ---mn tonnes (mnt) in ---- to -,---mnt in ----, posting average annual growth of -.- during ---------, a sizeable acceleration from an average growth of -.- annually during ---------. ...This would result in a higher average price of USD-,---/tonne during ---------, compared to the annual average of USD-,---/tonne during ---------. In March ----, India s Ministry of Mines increased the lease area for mining of bauxite from -- square kilometers to -- square kilometers in the state of Odisha, following its January ---- executive order to enable bauxite mining licenses to be awarded via auctions, replacing the old system where licenses were issued at the discretion of provincial and federal governments. We forecast Indian bauxite production to grow from --.-mnt in ---- to --.-mnt in ----, averaging an annual growth rate of --.- during ---------, significantly higher than the annual average -.- growth over ---------. ...We forecast Indian bauxite production to grow from --.-mnt in ---- to --.-mnt in ----, averaging an annual growth rate of --.- during ---------, significantly higher than the annual average -.- growth over ---------.

...-- of India s total value of mineral production and are the main producers of key commodities such as aluminum, coal, copper, gold and iron ore. While growing domestic demand for commodities will incentivise state-owned miners to expand production, we believe that India s poor operating environment will continue to restrict growth in the mining sector. ...

  
Source:
Document ID
1755-781X
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "India Mining Report" Aug 20, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/India-Mining-Report-2026-89>
  
APA:
Business Monitor International - Industry Reports. (2016). India Mining Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/India-Mining-Report-2026-89>
  
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